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Western Digital says confident about its legal position in Toshiba's chip business

Reuters  |  TOKYO 

TOKYO (Reuters) - Corp said in a statement on Wednesday it remains confident it can protect its interests in its memory chip joint venture with Corp.

said earlier in the day that it has signed a memorandum to accelerate talks to sell the business to a rival bidding group led by private equity firm Bain Capital and chipmaker SK Hynix Inc.

"We are disappointed that would take this action despite Digital's tireless efforts to reach a resolution that is in the best interests of all stakeholders," it said.

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 13:01 IST